Pfft....

Well, they got us again today, didn't they? Market started off with a nice tumble, flitted around for most of the day, then surged at the end. This gets old.

I am surprised I missed this before, but here's a fascinating angle on the Russell 2000 from a Fibonacci perspective. Using Fibonacci extensions, you can see the predicted high on the Russell based on prior high/low extremes (the high being in 2000 and the low being in 2002). This week, the Russell ($RUT) touched this line almost perfectly, within less than one point of the predicted level. Worth noting.


Yesterday was a chart heavy day, so today just a couple for your consideration. Fluor (FLR):


And General Dynamics (GD):


Have a good weekend, everyone.